Selecting an EHR can be daunting.
Your EHR is responsible for sensitive data across all areas of your practice - that’s a lot of responsibility for one system. It’s even more responsibility for those tasked with choosing the right system.
To make matters worse, it’s almost impossible to find accurate information surrounding EHR cost, how many employees actually use the system, and the time it takes to choose a system.
We’ve gathered and analyzed data from 204 EHR projects active in the last year to provide an accurate view of what you can expect when selecting a system. Our 2020 EHR project report provides a comprehensive overview of timeframes for selecting EHR, reasons for implementing a new system, and average budgets.
Here is a summary of some of our key findings:
1. On average, practices spend 10 weeks selecting EHR
The time frame for selecting an EHR is only 10 weeks for most organizations.
However, practices with more than 11 physicians spend, on average, an extra 4 weeks selecting their system compared to smaller practices. This variance could be due to a number of factors, larger practices may need to consult a larger variety of stakeholders than solo practices, or have complex requirements across multiple specialties resulting in a longer selection process.
3. The top reason for implementing EHR is to support growth
The most popular reason for implementing an EHR was to support growth, which dominated as the top reason for implementing with 43.77% of practices saying this was the driving factor to selecting a new system. A significant number of practices also sought an EHR to increase efficiency, which was the leading reason for implementing in our 2019 report, as well as to gain greater functionality.
4. The average budget per user for EHR software is $6,000
The most common question asked about EHR has to be: how much does EHR cost?
Well, according to our EHR research, you can expect to pay around $6,000 on each user of your system. This is the average budget per user across practices of all sizes over a five year period.
Practices with more than 2 physicians has significantly higher budgets compared to solo practices. It’s possible that organizations implementing EHR for the first time are unaware of hidden lifecycle and implementation costs, and haven’t factored these into their budget.
Read more interesting statistics and gain a full overview of the EHR market by downloading the full Software Path 2020 EHR Software Project Report.